Man Group has joined forces with Japanese investment banking giant Nomura to launch a fixed income hedge fund aiming to deliver double-digit returns annually.

UK shares were making tentative moves higher in mid-morning trading, ahead of the Jackson Hole speech by Federal Reserve chairman Ben Bernanke later today, with other markets also rising.

Sarasin's managing partner and CIO Guy Monson has stepped down as manager of the group's Global Equity Income and International Equity Income funds.

Shares in Barclays fell in early trading as investors were once again forced to deal with another potential scandal at the bank, following confirmation the SFO is investigating deals it made during the credit crisis.

Today Barclays has been hit with another scandal which has been bubbling along in the background for some time, but with a new chief executive also arriving, do the bank's shares look attractive?

Barclays has appointed Antony Jenkins, its former head of retail and business banking, as its new boss.

Threadneedle is to roll out a range of commission-free share classes across the majority of its fund range, and waive initial charges for advised UK retail investors, as it makes its proposition ready for the post-RDR world.

The US economy expanded by 1.7% in the second quarter, more than previously thought, the latest reading has shown.

Sarasin & Partners' Guy Monson has warned sterling's recent show of strength against the euro could be about to end, as ECB intervention draws near and the UK's QE policy weighs on the pound.

The FTSE 100 is drifting into lower territory this morning, with miners and Olympic security firm G4S all acting as a drag on the wider market.